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Friday, December 14, 2007

Russia keeps going

From: economist.com

An nth hint showing how Russia is coming back as a World Power.

"Renault beat several of its rivals, including General Motors and Fiat, in the bidding for a 25% stake in AvtoVaz, Russia's biggest carmaker. GM said it would now talk to GAZ, Russia's second-biggest carmaker, about a future partnership (a deal is not imminent). With car sales in Russia increasing by around 20% a year, some analysts expect the Russian market to overtake Germany's to become the largest in Europe over the next few years."

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